Avalanche (AVAX) Trading 12% Lower This Week

Avalanche (AVAX) traded down 0.9% against the dollar during the 24 hour period ending at 0:00 AM ET on October 27th. One Avalanche coin can currently be bought for approximately $25.28 or 0.00037356 BTC on exchanges. Avalanche has a market cap of $10.29 billion and approximately $121.07 million worth of Avalanche was traded on exchanges in the last day. In the last seven days, Avalanche has traded 12% lower against the dollar.

Here’s how related cryptocurrencies have performed in the last day:

• NEAR Protocol (NEAR) traded 0.9% lower against the dollar and now trades at $4.21 or 0.00006220 BTC.
• Internet Computer (ICP) traded 0.2% lower against the dollar and now trades at $7.69 or 0.00011367 BTC.
• Cronos (CRO) traded 0.2% higher against the dollar and now trades at $0.0735 or 0.00000109 BTC.
• Hedera (HBAR) traded 0.9% lower against the dollar and now trades at $0.0479 or 0.00000071 BTC.
• Cosmos (ATOM) traded 0.2% higher against the dollar and now trades at $4.37 or 0.00006457 BTC.
• Fetch.ai (FET) traded 0.2% higher against the dollar and now trades at $1.25 or 0.00001840 BTC.
• Algorand (ALGO) traded 0.7% lower against the dollar and now trades at $0.11 or 0.00000168 BTC.
• Akash Network (AKT) traded up 0.6% against the dollar and now trades at $2.30 or 0.00003375 BTC.
• Theta Fuel (TFUEL) traded down 1.5% against the dollar and now trades at $0.0538 or 0.00000080 BTC.
• Kava (KAVA) traded down 0.8% against the dollar and now trades at $0.32 or 0.00000474 BTC.

About Avalanche

Avalanche (CRYPTO:AVAX) uses the hashing algorithm. It launched on September 21st, 2020. Avalanche’s total supply is 447,059,873 coins and its circulating supply is 407,056,773 coins. The official message board for Avalanche is medium.com/avalancheavax. Avalanche’s official website is avax.network. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here.

According to CryptoCompare, “Avalanche (AVAX) is an open-source smart contracts platform launched in September 2020, known for its high scalability and rapid transaction finalization (sub-one second). Developed under the leadership of Dr. Emin Gün Sirer, it’s a robust platform for decentralized finance (DeFi) and enterprise blockchain solutions. The network can handle over 4,500 transactions per second and offers enhanced security against 51% attacks. Compatible with Ethereum’s development toolkit, Avalanche allows for easy interoperability and supports millions of independent validators as full block producers. It is also eco-friendly, catering to Web3 developers. The AVAX token serves multiple roles within the network, including transaction fees and network security. With the ability to host decentralized applications (dApps) and custom blockchains, Avalanche offers a versatile, high-performance ecosystem for developers, investors, and enterprises alike.”

Avalanche Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Avalanche directly using U.S. dollars. Investors seeking to acquire Avalanche should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Avalanche using one of the exchanges listed above.

AVAX/USD price chart by TradingView